Brokerages Anticipate Outfront Media Inc (NYSE:OUT) Will Announce Quarterly Sales of $452.27 Million

Brokerages expect Outfront Media Inc (NYSE:OUT) to report $452.27 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Outfront Media’s earnings, with estimates ranging from $446.30 million to $454.90 million. Outfront Media posted sales of $401.70 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The business is expected to announce its next earnings results after the market closes on Monday, August 5th.

According to Zacks, analysts expect that Outfront Media will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.72 billion to $1.76 billion. For the next year, analysts forecast that the firm will report sales of $1.80 billion, with estimates ranging from $1.76 billion to $1.83 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Outfront Media.

Outfront Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.23). The company had revenue of $371.70 million during the quarter, compared to the consensus estimate of $364.55 million. Outfront Media had a net margin of 6.40% and a return on equity of 9.36%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS.

Several research firms have recently weighed in on OUT. Imperial Capital reiterated an “outperform” rating and issued a $30.00 price objective (up previously from $29.00) on shares of Outfront Media in a research note on Monday, July 22nd. Zacks Investment Research upgraded shares of Outfront Media from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, July 25th. Finally, Barrington Research restated a “buy” rating and set a $29.00 price target on shares of Outfront Media in a research note on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.31.

Shares of NYSE:OUT traded down $0.02 during mid-day trading on Friday, hitting $26.87. The company had a trading volume of 7,910 shares, compared to its average volume of 653,919. The company has a fifty day moving average of $26.32. The firm has a market capitalization of $3.79 billion, a P/E ratio of 12.44, a PEG ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.65 and a quick ratio of 0.65. Outfront Media has a one year low of $16.81 and a one year high of $27.53.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.44 dividend on an annualized basis and a yield of 5.36%. Outfront Media’s dividend payout ratio (DPR) is presently 66.98%.

A number of hedge funds have recently made changes to their positions in the business. Huntington National Bank boosted its holdings in Outfront Media by 1,098.2% during the 2nd quarter. Huntington National Bank now owns 1,342 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,230 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Outfront Media during the 1st quarter worth $44,000. Advisor Group Inc. boosted its holdings in Outfront Media by 148.4% during the 4th quarter. Advisor Group Inc. now owns 3,214 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 1,920 shares during the last quarter. Stevens First Principles Investment Advisors purchased a new position in Outfront Media during the 2nd quarter worth $68,000. Finally, Advisory Services Network LLC boosted its holdings in Outfront Media by 106.9% during the 4th quarter. Advisory Services Network LLC now owns 4,188 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,164 shares during the last quarter. Institutional investors and hedge funds own 95.03% of the company’s stock.

Outfront Media Company Profile

OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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Earnings History and Estimates for Outfront Media (NYSE:OUT)

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